MarineMax (NYSE:HZO) Shares Down 10.5% Following Weak Earnings

MarineMax, Inc. (NYSE:HZO)’s share price dropped 10.5% on Thursday following a dissappointing earnings announcement. The company traded as low as $24.54 and last traded at $24.0480. Approximately 65,955 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 268,204 shares. The stock had previously closed at $26.86.

The specialty retailer reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). MarineMax had a negative net margin of 2.46% and a positive return on equity of 1.13%. The company had revenue of $505.18 million during the quarter, compared to the consensus estimate of $481.67 million. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year.

Key MarineMax News

Here are the key news stories impacting MarineMax this week:

• Positive Sentiment: Revenue and same‑store sales beat expectations: Q1 revenue of $505.2M (same‑store sales up >10%) and a 31.8% gross margin point to resilient demand in the retail/boating cycle, supporting sales-driven upside. Business Wire: Q1 Results
• Positive Sentiment: Balance‑sheet improvement: inventories fell ~$167.3M year‑over‑year at quarter end, reducing working capital pressure and easing a key investor concern for cyclical retailers. Business Wire: Inventory Disclosure
• Positive Sentiment: Analyst support: B. Riley reaffirmed a Buy and raised its price target to $29 (from $27), signaling some analyst confidence that shares still have upside from current levels. The Fly: B. Riley Raises PT
• Neutral Sentiment: FY‑2026 guidance updated to EPS $0.40–$0.95 (consensus ~$0.72); the wide range increases earnings uncertainty and leaves investors focused on margin recovery and seasonal demand cadence. See the company presentation for details. Earnings Presentation
• Negative Sentiment: Earnings miss and reported loss: Q1 EPS was ($0.21) vs. an expected ($0.12), producing a net loss and negative margin despite the revenue beat — a key driver of near‑term share weakness. Zacks: Q1 Loss, Revenue Beat
• Negative Sentiment: Margin pressure from promotional activity: management highlighted promotional discounting that compressed margins this quarter; analysts and commentary flagged this as the main reason revenue strength failed to translate into profits. Seeking Alpha: Margin Pressure
• Negative Sentiment: Stock reaction and volatility: coverage and headlines about the earnings miss drove intraday selling and analyst commentary that explain recent share weakness despite the revenue beat. Yahoo Finance: Why HZO Is Falling

Wall Street Analysts Forecast Growth

HZO has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on shares of MarineMax in a research report on Monday, December 22nd. They set a “buy” rating and a $29.00 price target on the stock. Wall Street Zen upgraded MarineMax from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. National Bankshares set a $35.00 target price on MarineMax in a research note on Friday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a research report on Thursday, January 22nd. Finally, Truist Financial lifted their price objective on MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MarineMax has an average rating of “Moderate Buy” and an average price target of $30.80.

Institutional Investors Weigh In On MarineMax

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in MarineMax by 54.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after acquiring an additional 374 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in MarineMax by 52.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 466 shares during the last quarter. MTM Investment Management LLC acquired a new position in MarineMax during the second quarter worth $42,000. Russell Investments Group Ltd. grew its position in MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after purchasing an additional 808 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey increased its stake in MarineMax by 12.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock valued at $126,000 after buying an additional 567 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Stock Up 10.0%

The firm’s 50-day simple moving average is $25.64 and its 200 day simple moving average is $25.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.32 and a current ratio of 1.19. The stock has a market capitalization of $597.34 million, a P/E ratio of -10.12 and a beta of 1.65.

About MarineMax

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.